Bob is a 50 percent owner of Barco Enterprises During the year, Barco earned $80,000 in net income after subtracting Bobs $50,000 salary Bob also withdrew $20,000 from Barco during the year Bob would...

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Bob is a 50 percent owner of Barco Enterprises During the year, Barco earned $80,000 in net income after subtracting Bobs $50,000 salary Bob also withdrew $20,000 from Barco during the year Bob would like to know the amount of the FICA taxes and by whom they would be paid if a Barco is a general pa...

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Bob is a 50 percent owner of Barco Enterprises. During the year, Barco earned $80,000 in net

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Taxation For Decision Makers 2008